Q. Should I buy life insurance for my child? It's very inexpensive.
A. In general, life insurance for kids is just a waste of money, for two reasons:
1. Most children are born healthy and live a very long time.
2. Most children don’t have any income, there is no reason to insure their lives.
But you don’t buy insurance for your children doesn’t mean you don’t love your children. It means you are smart enough to put that money to better use – like saving for a college education fund.
A. In general, life insurance for kids is just a waste of money, for two reasons:
1. Most children are born healthy and live a very long time.
2. Most children don’t have any income, there is no reason to insure their lives.
But you don’t buy insurance for your children doesn’t mean you don’t love your children. It means you are smart enough to put that money to better use – like saving for a college education fund.
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